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- $14.3B as Tax Billš
$14.3B as Tax Billš
Apple Ordered to Pay ā¬13 Billion in Unpaid Taxes
The European Court of Justice (ECJ) has ruled that Apple must pay ā¬13 billion (about $14.4 billion) in back taxes to Ireland, concluding a lengthy legal battle that began in 2016. The court found that Ireland provided Apple with illegal tax benefits, allowing the company to significantly reduce its effective tax rate.
This ruling overturns a previous decision in favor of Apple and reinforces the European Commission's stance against unfair tax practices by multinational corporations. The outcome not only represents a financial boost for Ireland but also underscores the EU's commitment to holding companies accountable for exploiting tax loopholes.
Electric Air Taxis In The UAE
The Public Company Looking To Launch Dubaiās First Electric Air Taxi - Joby Aviation (NYSE: JOBY) has officially submitted their Letter of Intent to obtain an official Air Operator Certificate from the UAE General Civil Aviation Authority to begin operating their electric air taxis on regional flights. If granted approval, they will become the first legally certified operator of electric air taxis in the UAE.
Japan Plans Zeta-class Computer
Japan's ambitious plan to develop the world's first "zeta-class" supercomputer, set to begin construction in 2025, aims to achieve unprecedented computing power 1,000 times faster than current supercomputers. The successor to the Fugaku supercomputer, the worldās first zeta-class computer capable of performing AI computations (where zeta represents one billion trillion), has entered a 25-year development phase in Japan.
This groundbreaking project, with an estimated cost of over $750 million, is expected to revolutionize scientific research and artificial intelligence capabilities when it becomes fully operational by 2030.